Current account refers to the receivables, payables, temporarily received or paid proceeds incurred in the enterprise’s economic activities, which constitutes a part of the enterprise’s assets and liabilities. With development of market economy, and intensification of social competition, more and more enterprises use their commercial credit to promote themselves so as to expand their market share.

However, the credit crisis in the market results in more and more delinquencies between enterprises and current accounts between enterprises. In addition, due to enterprises’ finance and operation management, many other economic contents that shall not be categorized as current account are also shown in the current account. The current accounts of some enterprises are almost all-inclusive, which also results in an increase of current accounts.

Especially, in some commercial enterprises, the proportion of current accounts is larger and larger, which not only results in difficult capital turnover, but also causes distortion of these enterprises’ accounting information. It’s very important to enhance the management of enterprises current accounts, reduce enterprises’ capital occupation, and form a good internal operation environment for the enterprises.

Enterprises’ current accounts mainly include the receivables, other receivables, prepayment, the payables, other payables, advance payment, etc. According to their natures, they can be classified into the receivables and payables. Based on the two categories, this lecture analyzes the finance and tax problems currently existed in enterprises’ current accounts.

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